Middlefield Banc Corp. (NASDAQ:MBCN) to Issue Quarterly Dividend of $0.21

Middlefield Banc Corp. (NASDAQ:MBCN) announced a quarterly dividend on Monday, February 9th. Shareholders of record on Tuesday, February 17th will be paid a dividend of 0.21 per share by the bank on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, February 17th.

Middlefield Banc has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 1 years. Middlefield Banc has a payout ratio of 38.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Middlefield Banc to earn $2.12 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 39.6%.

Middlefield Banc Price Performance

Middlefield Banc stock opened at $35.02 on Tuesday. The company’s 50 day simple moving average is $35.09 and its 200-day simple moving average is $32.36. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.99 and a current ratio of 0.99. Middlefield Banc has a 1 year low of $22.74 and a 1 year high of $37.67. The company has a market capitalization of $283.31 million, a price-to-earnings ratio of 13.42 and a beta of 0.38.

Middlefield Banc Company Profile

Middlefield Banc is a bank holding company headquartered in Middlefield, Ohio, operating through its subsidiary, Middlefield Banking Company. The firm offers a suite of deposit products, including checking, savings, money market accounts and certificates of deposit, alongside comprehensive cash management solutions designed for both individual consumers and businesses.

On the lending side, Middlefield Banc specializes in commercial and residential real estate loans, consumer installment loans and lines of credit.